08/03/2017
Overview of competition at the FCA
Regulation that keeps crooks out of the market is essential if we are able to take our money out from under our mattresses and put it to work.
Legal, Regulation & Compliance
08/02/2017
BDO replaces KPMG as top AIM auditor
Deloitte retained fifth position with 65 clients, after a gain of six, while RSM added four to retain sixth position with 57 clients.
08/02/2017
Herbert Smith Freehills - Financial regulation update
PRA regulatory digest
08/02/2017
Leading global law firm battles global uncertainty to realise record revenues with five per cent growth
Firm reveals FY17 results
08/02/2017
Lawyer accused of alleged £6m property scam declared bankrupt
Another failed investment business that folded with multi-million pound debts.
08/01/2017
EU money fund rule threatens negative rates management tool
Constant net asset value funds may have to change format during prolonged spells of negative rates
08/01/2017
Lloyds, RBS and HSBC face hit to revenues as UK watchdog considers ban on overdraft fees
The bank currently takes about £300mlm a year in fees that will now be abandoned.
08/01/2017
Herbert Smith Freehills - Financial regulation update
FCA review of high-cost credit
08/01/2017
Ogier acts for £200m stake in Milton Park, Oxfordshire
Milton Park is home to over 250 organisations and employs over 9,000 people.
08/01/2017
Germany tightens restrictions on foreign investment from outside the EU
The new rules reflect this increasingly cautious approach to foreign investment.
07/31/2017
FCA signals death knell for LIBOR
On 29 June 2017, the Bank of England RFR working group published a white paper on potential approaches to a broader adoption in sterling markets of the SONIA benchmark.
07/31/2017
EU Proposes Account Freezes to Prevent Bank Runs; Bitcoin to the Rescue?
According to EU rules, each depositor that has less than 100,000 euros deposited in a bank account is insured from a bank run.
07/31/2017
How thousands of Britons are at risk from ‘world’s biggest online scam’
Lawyers tell The Independent victims are losing up to £1m each in investment fraud
07/31/2017
Banks settle currency manipulation claims for $111m
Investors accused the banks of manipulating the currency markets, typically to the benefit of traders rather than their clients.
07/31/2017
European Commission contacts banks over research pricing
Some banks accused of ‘price dumping’ in order to win contracts from fund managers
07/31/2017
MiFID II: ESMA Clears a Path for a Simple Form of Identified Target Market for UCITS
The criteria above and how they should apply to UCITS are considered further in the Appendix.
07/31/2017
Addleshaws, Eversheds and Simmons claim places on HSBC UK legal panel
The bank previously reviewed its panel in 2012, when it expanded its roster to include a group US firms including Cleary Gottlieb Steen & Hamilton, Latham & Watkins and Mayer Brown.
07/29/2017
The General Data Protection Regulation - Top 10 Considerations
Controllers must implement appropriate security measures, such as pseudonymization
07/28/2017
Regulator calls on banks to replace Libor by 2022
FCA head says scandal-tainted rate benchmark no longer fit for purpose
07/28/2017
Individual Accountability: Extending the Senior Managers & Certification Regime to all FCA firms
This briefing contains a high level summary of the key elements of the new regime. The consultation ends on 3 November 2017.